The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch 20VC: Lovable on Hitting $17.5M in ARR in 3 Months | Adding $2.1M ARR Every Week | Hitting 85% Day 30 Retention: Better than ChatGPT | The Story of Europe's Fastest Scaling Company with Anton Osika
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Mar 5, 2025 
In this engaging chat, Anton Osika, Co-founder and CEO of Lovable, shares insights from scaling his startup to an impressive $17.5M in ARR in just three months. He reveals how talent trumps experience and how pre-launch waitlists can skyrocket growth. Osika discusses maintaining an 85% Day 30 retention rate, surpassing even ChatGPT. He also tackles the challenges of competing in the US market from Europe, the potential of AI in software development, and the vital balance between simplicity and feature richness in product design.
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Depict's Rapid Scaling and Lessons Learned
- Anton Osika scaled Depict very quickly, focusing on high-potential, junior talent and a scrappy approach.
- Initially, they said yes to too many opportunities, hindering their focus and, ultimately, their growth trajectory when market conditions worsened.
Prioritizing Talent over Experience
- Prioritize ambitious, junior talent over experience, as experienced hires can be less open-minded.
- Junior talent is easier to recruit and mold into the company culture.
Early Entrepreneurial Spark
- Anton Osika's first entrepreneurial venture was fixing computers for neighbors and friends as a teenager.
- This early experience sparked his interest in technology and entrepreneurship.